Thread regarding Wells Fargo & Co. layoffs

Pay Freeze - anyone else get this

Because of the unprecedented economic challenges and record inflation, management has instituted a hiring and wage freeze until “further notice

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Post ID: @OP+1jkts9a0d

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I think you are somewhat right. I interviewed for a P5 role (currently a P4) and was told there will likely not be any increase in salary despite the promotion.

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Post ID: @e0+1jkts9a0d

hahaha got the biggest bonus and merit ever, great 2025

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Post ID: @bw+1jkts9a0d

No, I definitely did not get this TLO board troll notification from an official WF communications channel.

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Post ID: @bb+1jkts9a0d

Hiring freeze? Sort of, depends on LOB. Wage freeze? GTFO.

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Post ID: @b2+1jkts9a0d

Because the $20 billion in income reported every quarter isn't cutting it anymore?

IMO - you just said this to get a rise out of people.

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Post ID: @ax+1jkts9a0d

No my team alone had 5 promotions from senior to Lead. I wa included and got ~6%

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Post ID: @ah+1jkts9a0d

Our LOB got raises and bonuses.

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Post ID: @ag+1jkts9a0d

This is not the first time I've heard this. In our org, managers can only replace people that leave, not grow teams. Raises are worse than ever; reports of people that are "meets", but get 1% or less increase.
But hey, Charlie gets another 2 million....

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Post ID: @a7+1jkts9a0d

This would explain why workday salaries haven’t updated!

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Post ID: @a2+1jkts9a0d

Nope. Everyone on my team got bonuses and a pay raise.

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Post ID: @a1+1jkts9a0d

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